ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) Short Interest Update

ProShares Ultra SpaceX ETF (NYSEARCA:SPCF) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 774,920 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 4,204,336 shares, the short-interest ratio is presently 0.2 days. Currently, 17.1% of the company’s stock are sold short.

ProShares Ultra SpaceX ETF Stock Down 1.2%

Shares of ProShares Ultra SpaceX ETF stock opened at $15.66 on Thursday. ProShares Ultra SpaceX ETF has a one year low of $14.93 and a one year high of $46.71.

ProShares Ultra SpaceX ETF Company Profile

SPCF, the ProShares Ultra SpaceX ETF, is a leveraged single-stock fund that seeks daily investment results, before fees and expenses, equal to 2x (200%) the daily performance of the common stock of SpaceX (SPCX). Because the fund pursues a daily objective and resets its exposure each day, it is designed as a short-term, tactical tool rather than a buy-and-hold investment: over any holding period longer than a single day, returns can differ significantly from 2x the underlying stock’s performance, and that gap tends to widen in more volatile markets.